Energy Efficiency Services Limited (EESL) will procure 250 electric vehicles from Tata Motors and Hyundai Motor India. The companies were selected through an international competitive bidding process, which was aimed at increased participation. Tata Motors Limited (TML) and Hyundai Motor India Limited (HMIL) won the tender and now will supply 150 Nexon electric compact SUVs & 100 Kona electric premium SUVs respectively for government’s use. The letter of award for the procurement was presented to the two companies, in the presence of Guenter Butschek, CEO & MD, Tata Motors, Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors and Tarun Garg, Director – Sales, Marketing & Service, Hyundai Motor India Ltd.This procurement will utilize 5 Million from the recent grant provided by the Asian Development Bank (ADB). EESL has received financing from ADB towards the cost of scaling up and financing high priority areas like Demand Side Energy Efficiency Sector Projects.Commenting on the decision, Saurabh Kumar, Executive Vice Chairperson, EESL said, “A shift to EVs, facilitated by our e-mobility programme will reduce dependence on oil imports and promote power capacity addition in India. This will greatly enhance the energy security of the country and will also lead to reduction in GHG emissions from the transport sector. Furthermore, we’re also working on rapid establishment of EV charging stations, which will give a fillip to the electric vehicle sales, going forward.”
